MasTec Inc. (NYSE:MTZ) has been assigned a consensus rating of “Buy” from the thirteen research firms that are currently covering the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.30.

A number of equities analysts have weighed in on MTZ shares. FBR & Co reiterated a “buy” rating and issued a $37.00 price target on shares of MasTec in a research report on Monday, November 7th. Canaccord Genuity set a $33.00 target price on shares of MasTec and gave the stock a “buy” rating in a report on Thursday, September 22nd. Maxim Group boosted their target price on shares of MasTec from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Citigroup Inc. boosted their target price on shares of MasTec from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Finally, DA Davidson downgraded shares of MasTec from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $39.00 in a report on Wednesday, November 16th. They noted that the move was a valuation call.

MasTec (NYSE:MTZ) opened at 37.05 on Tuesday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 3368.18 and a beta of 1.22. MasTec has a 12-month low of $12.44 and a 12-month high of $38.05. The company’s 50 day moving average is $31.21 and its 200 day moving average is $27.17.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.12. The business earned $1.59 billion during the quarter, compared to analyst estimates of $1.50 billion. MasTec had a net margin of 0.02% and a return on equity of 10.76%. The company’s revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Analysts forecast that MasTec will post $1.74 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in MTZ. BlackRock Inc. increased its stake in shares of MasTec by 41.5% in the first quarter. BlackRock Inc. now owns 7,520 shares of the company’s stock valued at $153,000 after buying an additional 2,205 shares in the last quarter. BlackRock Group LTD increased its stake in shares of MasTec by 27.4% in the first quarter. BlackRock Group LTD now owns 41,648 shares of the company’s stock valued at $843,000 after buying an additional 8,954 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of MasTec by 25,322.9% in the first quarter. JPMorgan Chase & Co. now owns 131,182 shares of the company’s stock valued at $2,655,000 after buying an additional 130,666 shares in the last quarter. UBS Group AG increased its stake in shares of MasTec by 50.2% in the first quarter. UBS Group AG now owns 26,422 shares of the company’s stock valued at $534,000 after buying an additional 8,834 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of MasTec by 43.8% in the first quarter. Goldman Sachs Group Inc. now owns 222,941 shares of the company’s stock valued at $4,513,000 after buying an additional 67,958 shares in the last quarter. 73.27% of the stock is currently owned by institutional investors and hedge funds.

About MasTec

MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline or fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation, and industrial infrastructure.

5 Day Chart for NYSE:MTZ

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